Statement of financial transaction-005 time deposits
This query is : Resolved
17 August 2020
Client is having time deposits of rs 5148865 STF-005 as per 26 AS,is it compulsory to file form 61 a
Is income tax portal updated for individuals having bank transactions above 30 lakhs
Is income tax portal updated for individuals having bank transactions above 30 lakhs
18 August 2020
Query is not clear
18 August 2020
Sir is it compulsory to file form 61 a for individual if Client is having time deposits of rs 5148865 (STF-005 )as per 26 AS
Thank you
Thank you
18 August 2020
As per clear tax-it is to be noted that the following persons should file their SFT return mandatorily:
A person having bank transactions above Rs.30 lakhs
All professionals and business having turnover above Rs 50 lakhs
I wanted clarification on the same ,since time deposit exceeds 30 lakhs
A person having bank transactions above Rs.30 lakhs
All professionals and business having turnover above Rs 50 lakhs
I wanted clarification on the same ,since time deposit exceeds 30 lakhs
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